Quarterly report pursuant to Section 13 or 15(d)

5. SHAREHOLDERS' EQUITY (Tables)

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5. SHAREHOLDERS' EQUITY (Tables)
 3 Months Ended
Nov. 30, 2016
Shareholders Equity Tables  
Schedule of stock option activity
    Number of Options     Weighted-Average Exercise Price     Weighted-Average Remaining Contractual Term     Approximate Aggregate Instrinsic Value  
Oustanding at August 31, 2016     338,000     $ 4.83              
Granted     110,000       5.58              
Exercised     -       -              
Forfeited or expired     -       -              
Outstanding at November 30, 2016     448,000     $ 4.97       6.52     $ 267,540  
                                 
Options exercisable at November 30, 2016     302,000     $ 4.83       5.11     $ 242,680  
Schedule of activity and value of non-vested options
    Number of Options     Weighted-Average Grant Date Fair Value  
Non-vested options oustanding at August 31, 2016     36,000     $ 2.89  
Granted     110,000       3.73  
Vested     -       -  
Forfeited     -       -  
Non-vested options outstanding at November 30, 2016     146,000     $ 3.52